Why We Like Subject To Options Best Of All

November 19th, 2009

Why We Like Subject To Options Best Of All

What type of contract or strategy do you use most often in your real estate investing business?

One of the most popular in our real estate investing circles is the subject-to option.

In a subject to deal, title changes, or the option is granted, on the property, but no new financing is required, because you just start making the payments on the property to the old lender who has the mortgage on it.

In a subject to option, its even better, because you let the seller make the payment s on the existing mortgage during your option period, and until you execute the option and take title to the property, you are not obligated to pay anything on the property.

That way, if you cant sell the real estate before a payment or two or three comes due, you are not obligated to make the payments.

And better still, if you cant sell the property at all and the option expires, you are not left with a loss from carrying costs during the time you were trying to sell the real estate.

So, we like options, and we like subject to options the best of all.

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Walk In Bathtubs are Luxurious and Convenient

November 18th, 2009

Walk In Bathtubs are Luxurious and Convenient

There are so many types of different bathtubs out there today to choose from. Clawfoot bathtubs are one of the hottest selling bathtub designs right now. People are really into the vintage look these days. The modern stuff has kind of faded away. What will be the next big thing in bathtub design you ask? You have to start taking notice of walk in bathtubs. There are so many luxurious options with everything from jets to padded seats! Walk in tubs are really so conveniet too. They are not just for the elderly, they can be quite comfortable.

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Real Estate Finance With Subject To Options

November 11th, 2009

Real Estate Finance With Subject To Options

Have you ever used “subject to” as a tool in your real estate investing program?

If not, you’re definitely missing out on one of the best tools around for being able to acquire lots of investment properties for very little money out of pocket!

Real estate investingdeals can be financed in any number of ways, but one of our favorite real estate financing strategies is to negotiate a subject to contract

A subject to contract has a huge advantage over other forms of real estate purchase contracts, primarily because with a subject to agreement, the financing is not an issue.

When you take a property subject to you are taking title to the property subject to the existing mortgage or financing that already exists on the property.

Sometimes, you may hear this referred to as a wrap or AITD (All Inclusive Trust Deed) type strategy.

In these deals, you dont need financing to take title, because you are just promising to pay the mortgage(s) that is/are already on the property.

Because you don’t have to go find the financing (and qualify for it), the only money you really need to do a “sub-to” deal is the money for the down payment, if any!

Many times, you can do a “sub-to” deal with only $10 - $100 out of pocket!

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Real Estate Investors Need An Exit Strategy When Buying Investment Properties

November 5th, 2009

Real Estate Investors Need An Exit Strategy When Buying Investment Properties

Want to know how to succeed at real estate investing?

What matters most is that you have an exit strategy in mind when you purchase your investment real estate property.

The biggest losers in real estate investing are people who purchase properties without knowing what they are going to do on the back end to make money from those properties.

What is an exit strategy for a real estate deal?

Great question! All exit strategy means is that you know what you are going to do with the property to make money on it AT THE TIME YOU BUY IT.

That timing is critical. You need to know how you are going to turn your real estate investment from investment to cash, from property to payday, at the time you buy it.

This makes sense too, doesn’t it? Rather than buying something you like or think may be a good investment, create a plan for how you are going to get rid of the investment to cash out, get paid and make your profit, and do that before you ever invest a dime in the property!

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Private Money Is A Great Option For Real Estate Investors

October 29th, 2009

Private Money Is A Great Option For Real Estate Investors

You may have noticed that using subject to options is one way of getting alternative financing on your real estate investing properties.

Using this strategy, you can buy homes without limit because you are not forced to come out of pocket to finance them all.

Another strategy that real estate investors use in their real estate investing, is to build up a warchest of private money lenders who they can go to whenever they need capital to buy a great deal.

We act as private money lenders to people whom we work with, and we also use private money lenders to help fund our deals when something wonderful comes along that we want to invest in.

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Make a Case For a Promotion in a Promotion Cover Letter

October 28th, 2009

Make a Case For a Promotion in a Promotion Cover Letter

Are you ready to move up in the company you work for? Then a great tool might be a promotion cover letter. Approach your supervisor or boss with a focused and clear letter written in a friendly manner, that outlines in detail why you’d be the ideal candidate for a promotion. For example, suppose you’re a sales rep and there is an opening in the company for a sales manager. With your experience and expertise you could easily step into this position. Make a case for that move in a well-written promotion cover letter which you can present to your superior. All promotion cover letters should focus more on what you can do for the company than what it can do for you.

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Real Estate Wholesaleing Increasingly Attractive In Today’s Real Estate Market

October 21st, 2009

Real Estate Wholesaleing Increasingly Attractive In Today’s Real Estate Market

We are often asked, “What is the fastest possible way to make money with real estate investing?”

Our answer is always the same, and it’s a strategy we use all the time in our own real estate investing, even though we’ve been investing in real estate for years.

The hands-down, no argument, absolute fastest way to make money in real estate is through buying a property low, at a great price, and then flipping it off to another real estate investor who can still sell it at a profit.

Some real estate gurus refer to this as wholesaling because you are going into the property up front with the idea that you may not sell it to an end buyer.

That is, many wholesale properties are acquired by one real estate investor and sold to another real estate investor who plans to resell the property to someone who plans to live in the property and use it as their home.

Wholesaling real estate is not a lot different from wholesaling anything else.

The trick is to buy at the right price, which means you really need to know the value of properties before you start your wholesale buying program.

The second trick is to build a strong list of real estate investor buyers so that you can turn your wholesale deals quickly.

This is necessary to make the most money possible, because you typically make a lot less flipping wholesale properties than you do selling to retail buyers.

Just remember, buy low and turn deals fast, and you can succed as a wholesale real estate investor!

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Write a Killer Cover Letter Today!

October 16th, 2009

Write a Killer Cover Letter Today!

What is a killer cover letter? It’s one that is over the top in clarity and precision. You include just those details that are relevant to the job you’re seeking: your education, experience, reason for interest in this particular position and how you’re ready to assume all duties associated with it. Assume a friendly yet professional tone that will help you come across as a team player, a man or who can come onboard and work well with others. Killer cover letters are rare in today job search market. But you can write a killer cover letter that will break that trend. Go for it.

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